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140 Vt Route 100cJohnson, VT 05656Price: $240,000

$/month over payments

Federal 30-year interest rate: 3.94% last updated on Jul 13, 2017* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

4654195MLS Number

5Bathroom

3284Square Feet

0.51Acreage

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You won't want to miss out on this amazingly updated and profitable 5 unit updated property in downtown Johnson with monthly income of $3,500/month - with room to increase rent to $3,950. With this home there is a possibility of living in the property AND earning over $1,000/month. Or purchase as an investment - and when fully leased can earn over $1,625 each month. Where else can you have the potential earnings of over 26% cash on cash return. As a value add, a new owner may be able to build more units on this property due to current zoning in Johnson, VT. You and your tenants will enjoy the charm of historic features throughout and the ample onsite parking. All units are easy to rent with the local Johnson State College, and there is room for an additional $450/month by renting unit #5 as a 3 bedroom instead of a 2 bedroom. Owners have updated all heating systems, many windows and each units has been recently updated. Ease of ownership throughout with vinyl siding, updated kitchens, updated windows and tenants that pay all their own utilities! Hardwired smokes in each unit, separate electric meters and each unit has their own propane tank. Each unit includes back up electric baseboard heat in addition to the affordable propane heat option. And if you're looking for a space to store your grown up toys, look no further than the detached garage with new vinyl siding (or rent it out). Project on garage and Reno of unit #1 to be completed by mid September.

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Property Details of 140 Vt Route 100c

Property Details

Listing

List Price: $240,000

Property Type: Multi-Family

MLS Number: 4654195

Status: ACT

Lot Description: In Town, Near Shopping, Village Rental Complex

Acreage: 0.51

Date Listed: 08/17/2017

Modification Date: 11/29/2017

Foreclosure: No

Building

Property Type: Multi-Family

Square Feet: 3284

Year Built: 1880

Zoning: No zoning.

Roof: Metal

Building Construction: Other

Exterior Color: White

Foundation: Stone

Location

Village: Johnson

Town: Johnson

County: Lamoille

State: VT

Zip: 05656

Interior Features

Bathrooms

Bathroom: 5

Basement

Basement: Dirt Floor

Other

Floors: Carpet, Combination, Laminate, Vinyl

Exterior Features

Features

Parking Spaces: 1

Driveway: Crushed Stone

Road Frontage: 150

Exterior: Vinyl

Exterior Color: White

Utilities and Appliances

Utilities and Appliances

Heat System: Baseboard, Electric, Individual, Space Heater

Sewer: Public

Water: Public

Water Heater: Electric

Community

Schools

Elementary School: Johnson Elementary School

Junior High: Lamoille Middle School

High School: Lamoille UHSD #18

Listed by Ashley St. Gelais of Preferred Properties

Copyright 2017 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

Mortgage Calculator

Est. Mortgage: $/month over payments

Federal 30-year interest rate: 3.94% last updated on Jul 13, 2017. * All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.